Lolli Purchases Slice to Boost Lightning Network Adoption
Acquisition Overview: Lolli has acquired Slice, a browser extension, to enhance its integration with the Lightning Network, aiming to simplify the process of earning Bitcoin through online activities.
User Experience Enhancement: The integration of Lolli and Slice is designed to create a seamless Bitcoin rewards experience, making it easier for users to earn Bitcoin while shopping and browsing online.
Impact on Transactions: This acquisition is expected to improve transaction speeds and efficiency for Bitcoin users, potentially making smaller withdrawals more economically viable.
Future Prospects: Lolli's move aligns with trends in cryptocurrency focusing on usability and accessibility, suggesting a positive impact on Bitcoin adoption and utility in everyday financial interactions.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36462.09 | 48231.045 | 61197.84 | 72966.795 | 85933.59 | 97702.545 | 110669.34 |
| Fibonacci | 48231.045 | 57680.101 | 63517.738 | 72966.795 | 82415.852 | 88253.488 | 97702.545 |
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